Business
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Paramount, Skydance Make Progress on Potential Acquisition
David Ellison’s media company will infuse $4.5 billion into the studio should deal be completed
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Ari Emanuel’s Endeavor Pay Quadrupled to Nearly $84 Million in 2023
The executive was paid $65 million for his role as CEO of TKO Group, which accounted for nearly two thirds of his total compensation
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Roku Stock Reverses Gains After Streamer Warns Adjusted Earnings Will Moderate in 2nd Half of 2024
Shares fell over 2% despite the company beating Wall Street expectations for the first quarter of 2024 on Thursday
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Business
Available to WrapPRO members
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The CW to Air Miss USA, Miss Teen USA Pageants Through 2027
The network set a multiyear agreement after airing Miss USA in 2023
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As a TikTok Ban Looms, What Happens to Entertainment Marketing?
President Biden signs a law forcing a sale of the Chinese-owned app, leaving Gen Z with a hole on their phones
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WrapPRO
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‘Dune 2’ Can’t Save Imax From 9% Year-Over-Year Drop in Q1 Revenue
While the premium format had a fruitful March, it was preceded by a winter slump that consumed the box office
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Movies
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Comcast Shares Tumble Over 6% Despite Earnings Beat as Company Bleeds Pay TV and Broadband Subs
Meanwhile, Peacock narrowed its streaming loss to $639 million while hitting 34 million subscribers
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Business
Available to WrapPRO members
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Ari Emanuel Received $65 Million Pay Package From 2023 TKO Deal
The WWE and UFC owner disclosed the executive’s compensation in its proxy filing published Wednesday
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Wall Street Flashes Concerns Over Meta’s Expensive Push Into AI Development
Despite beating estimates and doubling its Q1 net income to $12.37 billion, the tech company’s shares fell 16% in after-hours trading
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News
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AMC Theaters Expands Distribution Team After Taylor Swift Success
The theater chain has hired Fandango marketing chief Stephanie Terifay as its new VP of Distribution
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Mattel TV Hires Sidney Clifton, Amy Suh, Cory Bennett Lewis as Department Heads
The trio of new executives will report to Mattel Television Studios’ global head Michelle Mendelovitz
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PBS Launches Ad-Supported Classic TV Channel on Roku | Exclusive
PBS Retro will feature series from the 1970s, ’80s and ’90s, including “Thomas & Friends” and “Mister Rogers’ Neighborhood”
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US Chamber of Commerce Sues to Stop Ban on Noncompete Agreements
The action seeks to block the FTC’s 3-2 vote to ban noncompete provisions for all workers
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Lionsgate Television, Gary Goodman Strike New Multi-Year Deal
The executive will continue to oversee production on the studio’s slate of scripted series as well as its East Coast TV production facilities
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X to Launch TV App in Quest for More Video Viewers
A release date is not set for the app, which will enable users to cast video to television sets
